CarTrade Tech Ltd. (IN:CARTRADE)
:CARTRADE
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CarTrade Tech Ltd.
(CARTRADE)
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Rating:64Neutral
Price Target:
₹2,002.00
▼(-18.74% Downside)
Action:ReiteratedDate:02/10/26
Score is anchored by strong financial performance (growth, improving profitability, low leverage, and solid cash flow). Offsetting this are weak technicals (price below key moving averages and negative MACD) and a high P/E valuation with no dividend yield provided.
Positive Factors
Revenue growth & margin improvement
Sustained top-line growth combined with rising gross and net margins indicates the core marketplace and services are scaling more profitably. Improving unit economics support reinvestment in product, dealer tools and marketing while strengthening operating leverage over the coming months.
Negative Factors
Exposure to dealer/OEM budget cycles
Material reliance on dealer and OEM spending links revenue to auto sales cycles and OEM marketing budgets. In a weaker auto demand environment, lead-generation and listing revenues can decline, making near-term revenue and margin outcomes sensitive to industry demand swings.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth & margin improvement
Sustained top-line growth combined with rising gross and net margins indicates the core marketplace and services are scaling more profitably. Improving unit economics support reinvestment in product, dealer tools and marketing while strengthening operating leverage over the coming months.
Read all positive factors
CarTrade Tech Ltd. (CARTRADE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹89.60B
Dividend YieldN/A
Average Volume (3M)72.84K
Price to Earnings (P/E)60.4
Beta (1Y)0.89
Revenue Growth22.95%
EPS Growth284.54%
CountryIN
Employees1,010
SectorServices
Sector StrengthN/A
IndustryAuto - Dealerships
Share Statistics
EPS (TTM)12.00
Shares Outstanding47,878,036
10 Day Avg. Volume12,597
30 Day Avg. Volume72,842
Financial Highlights & Ratios
PEG Ratio0.82
Price to Book (P/B)3.67
Price to Sales (P/S)12.72
P/FCF Ratio49.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)58.52
Revenue Forecast (FY)₹9.57B
CarTrade Tech Ltd. Business Overview & Revenue Model
Company Description
CarTrade Tech Limited operates a multi-channel online automotive platform to buy and sell new and used vehicles. The company offers new car OEM solutions that provides OEMs with consumer insights and data-driven solutions for building their digita...
How the Company Makes Money
CarTrade Tech primarily monetizes its platforms and services through multiple revenue streams tied to listings, lead generation, dealer subscriptions, advertising, and enabling transactions. A key component is revenue from dealer and OEM ecosystem...
CarTrade Tech Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.12B | 6.41B | 4.90B | 3.64B | 3.13B | 2.50B |
| Gross Profit | 3.51B | 3.53B | 2.41B | 1.49B | -304.39M | 1.16B |
| EBITDA | 2.20B | 1.23B | 570.61M | 174.07M | -1.49B | 285.26M |
| Net Income | 1.87B | 1.35B | 143.03M | 339.98M | -1.32B | 924.99M |
Balance Sheet | ||||||
| Total Assets | 28.20B | 27.05B | 25.10B | 23.43B | 22.81B | 19.30B |
| Cash, Cash Equivalents and Short-Term Investments | 8.24B | 6.83B | 6.74B | 10.27B | 9.06B | 6.54B |
| Total Debt | 2.29B | 1.31B | 1.12B | 864.28M | 774.55M | 545.51M |
| Total Liabilities | 3.72B | 3.79B | 3.53B | 2.21B | 2.06B | 1.68B |
| Stockholders Equity | 23.30B | 22.21B | 20.70B | 20.43B | 19.79B | 16.81B |
Cash Flow | ||||||
| Free Cash Flow | 903.20M | 1.66B | 129.62M | 411.05M | 573.84M | 297.60M |
| Operating Cash Flow | 923.88M | 1.71B | 158.73M | 482.16M | 631.57M | 352.04M |
| Investing Cash Flow | -739.64M | -1.38B | -1.10B | -165.51M | -2.81B | -3.41B |
| Financing Cash Flow | -141.05M | -268.17M | -329.25M | -391.22M | 2.29B | 3.08B |
CarTrade Tech Ltd. Technical Analysis
Neutral
2463.80
Price Trends
1966.10
Negative
2422.53
Negative
2348.50
Negative
Market Momentum
-48.05
Negative
55.06
Neutral
75.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CARTRADE, the sentiment is Neutral. The current price of 2463.8 is above the 20-day moving average (MA) of 1716.32, above the 50-day MA of 1966.10, and above the 200-day MA of 2348.50, indicating a neutral trend. The MACD of -48.05 indicates Negative momentum. The RSI at 55.06 is Neutral, neither overbought nor oversold. The STOCH value of 75.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:CARTRADE.
CarTrade Tech Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹48.12B | 11.09 | ― | ― | 6.97% | 12.91% | |
70 Outperform | ₹77.32B | 18.01 | ― | 0.94% | 9.97% | 16.28% | |
64 Neutral | ₹89.60B | 60.39 | ― | ― | 22.95% | 284.54% | |
63 Neutral | ₹62.11B | 74.06 | ― | 0.58% | 9.11% | 16.30% | |
60 Neutral | ₹53.90B | 55.57 | ― | 0.40% | 11.56% | -2.78% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
40 Underperform | ₹88.05B | 54.22 | ― | ― | -17.88% | 7.14% |
* Services Sector Average
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CarTrade Tech Ltd. Corporate Events
CarTrade Tech Board Clears Q3 FY26 Results and CFO Pay Proposal
Jan 28, 2026
CarTrade Tech’s board has approved the company’s unaudited standalone and consolidated financial results for the third quarter and nine months ended 31 December 2025, with the figures to be made available on its website and shared with...
CarTrade Tech Delivers Record Q3 Revenue and Margin Surge on Broad-Based Growth
Jan 28, 2026
CarTrade Tech Limited reported its strongest quarter to date for the three months ended 31 December 2025, posting record consolidated revenue of ₹228.37 crore, up 18% year-on-year, and a 56% surge in EBITDA to ₹78.25 crore, lifting qua...
CarTrade Tech Releases Q3 FY26 Investor Presentation on Unaudited Results
Jan 28, 2026
CarTrade Tech Limited has shared an investor presentation detailing its unaudited financial results for the third quarter and nine-month period ended December 31, 2025, in line with disclosure requirements under SEBI’s listing regulations. T...
CarTrade Tech Grants 75,000 Stock Options Under ESOP 2021 (I)
Jan 28, 2026
CarTrade Tech Ltd. has granted 75,000 stock options to an eligible employee, including a relative of a director, under its Employee Stock Option Plan 2021 (I), in line with SEBI’s share-based employee benefit regulations. The options, which ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.